Need for Funding

Spending Breakdown

Cents to the Cause

For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Impact Rating: Low

•

Full-time staff #4

Avg. Compensation $20,704

Top 10 Staff Salary Range

$350k +

0

$300k - $350k

0

$250k - $300k

0

$200k - $250k

0

$160k - $200k

0

$120k - $160k

0

$80k - $120k

0

$40k - $80k

3

< $40k

1

Information from most recent CRA Charities Directorate filings for F2017

About GlobalMedic:

Founded in 1998, the David McAntony Gibson Foundation operates and is commonly known as GlobalMedic. It became a registered charity in 2002. GlobalMedic is a disaster response charity sending Canadian volunteers who are trained first-responders, notably EMS workers. The volunteers help by providing clean water, medicine, shelter, and conducting search and rescue. The charity focuses on maximizing the amount of relief provided in the first 72 hours after a disaster, while minimizing their own operating costs.

Since 2002, GlobalMedic has responded to 193 crises in 67 countries. In F2017 GlobalMedic spent $1.8 million on disaster responses.

Results and Impact: GlobalMedic's response to Hurricane Matthew in Haiti was likely the largest effort in F2017. It provided clean drinking water to over 100,000 people around Le Cayes, on the hard-hit south coast. GlobalMedic provided 2 water systems, 5 water purification units, 288,000 water purification tablets, 6,190 bucket gravity water units, and 500 WASH kits. Also noteworthy is the construction of 4 evacuation shelters in Leyte, Philippines, a multi-year project GlobalMedic completed in F2017. In Sri Lanka, GlobalMedic provided clean drinking water to over 9,000 vulnerable people in the flood-affected Kegalle District.

Financial Review:

Charity Intelligence has reviewed the unaudited financial statements for the David McAntony Gibson Foundation. Canada's Charities Directorate recommends that charities with annual donations over $250,000 have audited financial statements.

GlobalMedic is a medium-sized charity with donations and fundraising revenue of $2.4m in F2017. Donations fell by 54% compared to the previous year. GlobalMedic states that 100% of donations from individuals go directly to its programs. Corporate support or foundation grants may be assessed a management fee.

GlobalMedic's financial statements do not not report any fundraising costs or administrative expenses, except for $237 spent on fundraising in F2016. The figures presented below for fundraising and admin costs are taken from GlobalMedic's annual filing. For every $1 donated, 100 cents go to the cause. This falls outside of Ci’s reasonable range. Donors should be aware that extremely low overhead costs can be a risk to the charity's operational abilities. Charities working internationally, particularly in disaster responses, need proper safeguarding mechanisms to ensure the safety of vulnerable beneficiaries.

GlobalMedic has funding reserves of $3.1m which can cover 1.7 years of program costs.

This charity report is an update that GlobalMedic has reviewed. Changes and edits may be forthcoming.

Updated on June 29, 2018 by Madison Kerr. Edited and revised September 5, 2018 by Kate Bahen.

Financial Ratios

Fiscal year ending May

2017

2016

2015

Administrative costs as % of revenues

0.1%

0.1%

0.0%

Fundraising costs as % of donations

0.0%

0.0%

0.0%

Program cost coverage (%)

169.5%

49.8%

73.4%

Summary Financial Statements

All figures in $s

2017

2016

2015

Donations

2,389,300

5,223,764

4,074,531

Goods in kind

17,681

20,424

3,137

Government funding

0

1,250,000

0

Special events

39,920

17,047

61,786

Investment income

14,670

13,446

5,750

Other income

49,442

43,241

25,280

Total revenues

2,511,013

6,567,922

4,170,484

Program costs

1,831,102

5,521,031

4,020,567

Administrative costs

2,512

4,478

0

Fundraising costs

190

237

158

Other costs

0

1,608

13,333

Cash flow from operations

677,209

1,040,568

136,426

Funding reserves

3,102,871

2,747,027

2,950,597

Note: Ci removed amortization from program costs. Ci adjusted for the F2016 government grant discussed in note 10 of the F2017 financials, reallocating the $1.3m grant from donations to government funding. This does not affect total revenue.

Comments added by the Charity:

The information in this report was prepared by Charity Intelligence Canada and its independent analysts from publicly-available information. Charity Intelligence Canada and its analysts have made endeavours to ensure that the data in this report is accurate and complete but accept no liability.